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Visa unveils European payments innovation initiative

Visa has expanded its Everywhere Initiative innovation programme into Europe as it looks for the “next big thing” in payments.

Entrants in Visa’s first-ever European Everywhere Initiative can win up to €50,000 to support a development programme with Visa, or through business partnership with Visa’s clients, and potentially have access to Visa APIs, mentors and technologists. In addition to this, Visa will also continue to host its initiatives in North America, Latin America and Asia in 2017.

Beginning in March, eligible participants in Europe can submit their solutions to one of the following:

Local community challenge: How can digital payment technologies help create products that connect people and “enrich” local communities?

Regional intercity challenge: How can mobile technologies and connected devices “transform the experience” of intercity travel?

International travel challenge: How can new products and services, based on Visa APIs, deliver a “more seamless” international travel experience?

Start-ups can apply via the website from 19 April to 17 May 2017 – with finalists pitching for the prize to a live panel in Copenhagen at Money 20/20 on 26-28 June 2017.

The 2017 programme will be the first in Europe and will be open to companies from 19 markets including: Austria, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Ireland, Israel, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, the Netherlands, the UK and Turkey.

Everywhere Initiative was first launched in the US in 2015 and to-date, nearly 1,000 start-ups have collectively raised $1.7 billion in funding, with 60 finalists and 14 winners selected.

This story was originally published on 27 February with the same headline. More details about the application dates have been added.

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